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Lee Scott Steps Down

21 Nov 12:10pm
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After a very rough start, Wal-Mart (WMT) CEO Lee Scott is stepping down with his retailer again "the place to shop"... Back in May of 2007 I said it was time for Scott to go. I said rather than concentrating on growth, he ought to cut back growth, buyback shares and invest in current locations. Less than a month later Wal-Mart announced they were cutting back expansion plans and planned a $15 billion share repurchase plan.No, I do not think they were listening to me but it does show Scott wa...
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Why Can't Bank Execs See in The Mirror?

21 Nov 10:17am
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Recent complaints by Citi's (C) Pandit and Bank of America's (BAC) Lewis can only leave investors head shaking.. Today Vikrim Pandit said that "rumor mongering" was at the heart of the company's stock slide and yesterday called in Gov't officials to re-instate the short sale ban. It should be noted that this was tried earlier this fall, and , well, stocks fell anyway. Not sure what Pandit hopes to accomplish here. He also said the bank has plenty of liquidity and will not break itself up.I ...
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Berkshire & Fairfax Buy Convertibles in USG ($usg)

21 Nov 9:22am
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Berkshire Hathaway (BRK.A) and Fairfax Financial (FFH) are investing in USG (USG) convertibles. USG Corporation (USG) , a leading building products company, reported today that it has entered into an agreement to sell a total of $400 million of 10 percent contingent convertible senior notes due 2018, $300 million to Berkshire Hathaway Inc. and $100 million to Fairfax Financial Holdings Limited. The notes will initially bear interest at a rate of 10 percent per annum. In accordance with New...
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Friday's Links

21 Nov 1:23am
Posted by ToddSullivan
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Thank you... - A thank you for the mention and a recommendation. For those who do not read Abnormal Returns daily....do so. It is one of the, if not the best blog/msm daily linkfest out there. Disclosure ("none" means no position):Visit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview | Powered by FeedBlitz
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Warren Buffett on Market Fluctuation & Is Berkshire A "Value" Now?

20 Nov 12:30pm
Posted by ToddSullivan
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Every investor ought to be forced to read Berkshire's (BRK.A) Buffett at least once a week.. From 1997A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves. But now for the final exam: If you expect to be a net ...
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About

ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.

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